Income tax payment using credit cards

[thanix]

You can make payment using CC I made last time assessment.

Yeah, now most of us are using it. The original post was more than a year old 😊

 

[Namans]

Are Diners Club cards accepted on the Income Tax & GST portal?

 

[drmsiva]

I think HDFC gateway would accept it - haven't tried it myself as I don't have Diners CC. As you know, HDFC have launched number of business credit cards including diners with rewards for tax payments.

 

[sid16]

Are Diners Club cards accepted on the Income Tax & GST portal?

Yes, accepted on HDFC payment gateway.

 

[HumorSimpson]

Yes, accepted on HDFC payment gateway.

Big question.. Does it reward?

 

[mojo_jojo123]

Big question.. Does it reward?

I dont think any cc is giving now rewrard in tax payment

 

[HumorSimpson]

I dont think any cc is giving now rewrard in tax payment

IDFC Wealth CC

 

[Namans]

Yes, accepted on HDFC payment gateway.

Thank you so much. Do you happen to know the charges on the HDFC gateway?

 

[drmsiva]

Big question.. Does it reward?

None of the HDFC personal credit cards give rewards for tax payments. If you can get one of its new business cards, it would be good for tax payments.

 

[sid16]

Big question.. Does it reward?

Yes. If you have DCB Plastic, if you spend 80k in a month even on taxes, you will get monthly milestone benefits worth 1000. If you have DCB Metal, if you spend 4L in a quarter even on taxes, you get quarterly milestone of 10000 rewards, which is a 2.5% return provided you spend exactly 4L.

 

[HumorSimpson]

Yes. If you have DCB Plastic, if you spend 80k in a month even on taxes, you will get monthly milestone benefits worth 1000. If you have DCB Metal, if you spend 4L in a quarter even on taxes, you get quarterly milestone of 10000 rewards, which is a 2.5% return provided you spend exactly 4L.

Vouchers are 0.5rs so it's 1.25%.
BTW does infinia reward tax payment?

 

[Lobogris]

Vouchers are 0.5rs so it's 1.25%.
BTW does infinia reward tax payment?

No. It does not.

 

[jatinkrmalik]

IDFC Wealth CC

This still works! Nice.

 

[Riya]

Even GST allows payment by credit cards.... but why hold bull by its horns....
it's like opening your wallet to the already ever suspicious IT deptt
TOO MUCH GREED IS BAD FOR HEALTH

 

[mojo_jojo123]

Yes. If you have DCB Plastic, if you spend 80k in a month even on taxes, you will get monthly milestone benefits worth 1000. If you have DCB Metal, if you spend 4L in a quarter even on taxes, you get quarterly milestone of 10000 rewards, which is a 2.5% return provided you spend exactly 4L.

are you sure DCB Plastic 80k is counted even on taxes ? Planning to pay tax today so the milestone benefit of 1000 may cover the payment gateway charges ..

 

[sid16]

are you sure DCB Plastic 80k is counted even on taxes ? Planning to pay tax today so the milestone benefit of 1000 may cover the payment gateway charges ..

Yes I am sure since I have done it many months till last month.

 

[pranavcool]

6X rewards - approx 1.2% for the amount paid. The points were posted within 2 days or so.

Is idfc still giving 6x on tax payment?

 

[drmsiva]

Is idfc still giving 6x on tax payment?

No - Only 3X (per Rs 150) for Wealth - 0.75%

Need to add payment gateway charges as well.

 

[drmsiva]

Does standard chartered cards give rewards for Tax payments? Thanks.

 

[350modena]

@aay001 and @thanixravindran thanks folks.
The way you two describe it, it seems like only tax applicable to non-salary sources can be paid here.

Can I pay my income tax via this method? I mean, instead of doing a tax deduction before salary gets credited, I instead pay advance tax using credit card.

TDS is mandatory for the company to deduct, if you are in the tax bracket. If you have non salary sources such as bank or FD interest, rental income, dividend income, capital gains due to stock market/MFs etc, then advance tax is payable when such non TDS tax > 10000 a year. (TDS deducted includes TDS on salary, on interest/dividend etc as deducted by the payer).

In case you feel you have other than salary taxable income, you can use the IT calculator on IT site and calculate advance tax and then pay accordingly.